#45 For SPY at $85/75 (around -33.45/-41.28% from $127.72) and IWM at $50/42 (around -35.41/45.74% from $77.41) before options expiration in March 2011 these options would be in the money by $3405000/5131000. The non-option long positions of the fund currently have a value of around $10 million. So the over-night crash can come, hehe ...

Wow Port-- you're laying some major digital dollars on DSCO. Its been on a slide for a month-- but you've been confident in its upside throughout. Por que? What % of your portfolio does DSCO comprise at this point-- it must be your largest position by far, no?